Most sellers will pose the same question when they are looking to list their home: How can I make the highest return on my investment? Depending on the market conditions and your budget, there are a few different ways to do it.
1. Kitchen Renovations
Upgrading the kitchen is a surefire way to add extra value to your home. Adding luxury countertops and installing new energy efficient appliances will take the space from dated to state-of-the-art.
2. Bathroom Improvements
If your kitchen is already up to par, then it’s wise to invest some time and money in a bathroom. You can take on larger projects such as turning a 2-piece into a 4-piece or adding a relaxing soaker tub, or complete smaller jobs like installing a spa-like shower head or refreshing the tile.
3. Change Out the Flooring
Flooring can drastically change the look of a home. Replacing old carpets or laminate with quality hardwood and tile can transform a space. Using the same flooring throughout most of the house will create a seamless and polished appearance.
4. Add Square Footage
If your timeframe and budget permits, then building an addition is a great way to add space and value. Make sure the renovations fit with what buyers are looking for such as an extra bedroom, more closet space, or another bathroom. Other additions such as an income suite will not only bring in extra cash before and after the sale, but will also open the door to an entirely new set of buyers: investors.
5. Make it Modern
Make your home move-in ready by adding contemporary finishes, installing sleek hardware, and upgrading to a contemporary aesthetic. Applying a fresh coat of neutral paint instead of floral wallpaper, getting rid of that popcorn ceiling, and staging the property with modern furnishings will make a memorable first impression.